The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Lignin. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Lignin Market across various industries and regions.
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Lignin is the principal byproduct from lignocellosic bio-refineries and a valuable renewable resource for the chemical industry. Lignin, a component of plants, has great potential in terms of conversion into value-added products that can significantly improve the economics of a bio-refinery. Increasing lignin demand, as an organic additive, is expected to drive the expansion of the global lignin market size over the forecast period of 2020 to 2030.
Kraft lignin has high consumption as a foam in fire extinguishers and in printing inks for high-speed rotary presses. Kraft lignin is also used for making high-grade activated charcoal. Owing to such ingenious applications of lignin in a wide range of industries, demand is set to heighten over the coming years.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Lignin market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Lignin
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Fact.MR’s study on the lignin market offers information divided into two-three segments – product type, application, and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories in the landscape.
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The global lignin market is highly fragmented in nature, with the presence of a large number of local players. Some of the prominent players in the market are Borregaard LignoTech, Changzhou Shanfeng Chemical Industry Co., Ltd, Domsjö Fabriker AB, and Domtar Corporation, among others.
Key players are trying to reinforce their position in the market by providing cost-effective solutions. Recent years have witnessed a shift of stakeholders towards vertical integration, which helps maintain continuous raw material supply. Increasing value chain integration from lignin manufacturers has been posing entry barriers to new entrants. For instance, in June 2018, Borregaard and Rayonier started a joint-venture company – Lignotech Florida.
“The COVID-19 pandemic has hit market players and will have short-term implications on the landscape. However, the trend of replacing non-renewable petroleum products with bio-based polymers has shifted consumer priority towards the consumption of lignin. This will create an opportunity for bio-based lignin in various untapped applications,”says a Fact.MR analyst.
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Fact.MR, in its new report, offers an unbiased Market Analysis of Lignin, Sales and Demand of Lignin, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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